How to transfer money to Russia from America - methods, features and reviews

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

With the development of modern technology, the issue of the labor market is no longer tied to the country of residence. For certain reasons, Russian citizens are forced to go to work, for example, to the United States, or simply move to other countries for permanent residence. But parents, children, friends and just acquaintances stay at home. In this regard, the question often arises, how to transfer money from the US to Russia and avoid unnecessary costs?

There are a lot of ways. Each of them has both advantages and disadvantages. Which to choose? It depends on how fluently you are able to handle modern technologies. Considering ways to transfer money from the USA to Russia, it is worth talking only about those options that are acceptable to individuals. Settlements between organizations occur most often in a different way.

"Live" bank card

This is a fairly simple option. It is suitable for both young and olda person who will find it difficult to understand the intricacies of Internet technology.

So, how to transfer money to Russia from America? Very simple. It is enough to open a regular card account in one of the American banks. At the same time, it is important to inform the manager that you plan to withdraw funds abroad. Otherwise, the bank may consider the plastic as lost and block the account for security reasons.

Now it is necessary with an opportunity or by mail to send the plastic card itself to the person who will use it. The user will only have to insert the card into an ATM in their country and withdraw cash. Of course, for this you will have to tell him the PIN code.

This option of transferring money from the US to Russia has both advantages and disadvantages. The pluses include the fact that money is available anytime and anywhere. There is no need to withdraw everything at once, you can spend it gradually. It will be very easy for the cardholder to send money in the future. It is enough just to deposit the required amount into the account. In this case, the cardholder does not bear any additional costs. The person who withdraws the money will pay the commission.

There are also cons. If at some point the ATM "eats" the card for any reason, the money will not be available. The owner of the plastic will have to go to the bank, report the loss and send a new card. You will have to pay interest every time you withdraw cash. How much the operation will result in will depend on the rates of the issuing bank itself. It can be 2%, and all 10%.

PayPal

And how to transfer money to Russia from America if you are friends with a computer? It is not so difficult. It is enough to open a wallet in the PayPal system and replenish it with the required amount. Now you need to make an intrasystem transfer to a user from Russia who also has a PayPal wallet.

This type of translation is rather complicated for Russia. User feedback suggests that funds can go a long way. In addition, Russia does not provide for the possibility of withdrawing money from this system to a physical medium. That is, you will not be able to cash out the amount received. Judging by the reviews, this type of transfer is suitable only for those who are used to using Internet payments.

But such a translation has a positive moment. The recipient will not pay any fees. Money is collected only from the sender. The overpayment amount will be from 0.4 to 1.5%

From account to account via SWIFT transfer

If you do not know how to transfer money to Russia from America, ask if the recipient has a bank account. If yes, then you can send money directly to him.

With seeming simplicity, this method has many drawbacks. First of all, it is a commission. According to reviews of those who have already used it, the fee for intermediary services can range from 35 to 170 dollars. If you plan to transfer a small amount, this option is completely unacceptable. After all, the commission will "eat" the lion's share of the transfer.

Transferring money from the US to the Russian Federation is connected with one more inconvenience. The one whosends funds, will have to correctly fill out the transfer form. To do this, you will need to specify:

1. Name of the bank (in Latin) providing intermediary services.
2. SWIFT address of the correspondent.
3. Account number in this bank.
4. Name of the bank (in Latin), which is the final recipient of the funds.
5. Destination bank address.
6. SWIFT address of the final recipient.
7. Personal data of the individual recipient of funds (in Latin).
8. Current account number to which the recipient's card is linked (account number, not card number).
9. Purpose of transfer of funds (for example, "for current expenses").

It is unlikely that anyone really wants to fool around with finding out all this data. After all, there are easier ways to transfer money to Russia from America. In addition, many counterparties experience difficulties with the correct spelling of data in Latin.

Translation is carried out using transliteration, and it may not be the same in different sources. For this reason, even after going the hard way to find out all the payment details, it may turn out that the money is blocked and the recipient is not en titled to take it.

TransferWise

If you are looking for a way to send money from the US to Russia, try this service. According to the reviews of those who have already experienced this method for themselves, there is nothing complicated in it.

To send money, you need to fill in the appropriate "windows". By the way, if you have difficulties with English, you can easily set up a language change to Russian on the site. ForTo receive money, simply enter your bank card details.

This method is interesting because the currency is automatically converted during the transfer. That is, you need to send funds in dollars, but you can receive only in rubles. The recipient will receive the entire amount, but the sender will additionally spend on a commission - from 4.01 to 5.81%.

Revolut App

And here is another fairly new way to transfer money from the US to Russia. It is similar to the previous one and is also an Internet application. It is easy to find it in PlayMarket or AppStore. After registration, a person receives a virtual MasterCard card, which can be immediately used for online payments.

If you are used to using real plastic, you can order it by mail. The parcel reaches Russia in about 20 days. You can replenish such a card from a current account or a debit card. And manage funds using the downloaded mobile application.

According to user reviews, this is the most profitable way to send money from abroad. The thing is, there are no fees at all. That is, neither the recipient nor the sender will pay anything extra. The most cautious, however, do not recommend keeping funds on this card. It is safer to use the service only for transfers.

Western Union

This is the fastest and easiest way to get money from the USA. You can make a transfer not only by contacting the bank,but not getting up from the couch. On the official website of the system, the option of online transfers is available.

You will have to pay for simplicity and speed. The one to whom the funds are transferred will receive them in full. But the sender will pay from 5% to 14%, depending on how the money will be deposited and how long the transfer will take.

If you decide to use the Western Union payment transfer system, be sure to ask how the name and surname of the recipient are spelled correctly in Latin. Everything must be specified exactly as in the document that will be presented for withdrawal. Otherwise, the money will be blocked.

MoneyGram

This option is almost identical to the previous one, but has slightly different prices. The principle of translation is the same. It is important for the recipient and the sender to know only each other's personal data.

After sending the transfer via MoneyGram, the sender will receive a check with a special track number. It must be communicated to the recipient in any convenient way. The counterparty will have to announce this number and present an identity card.

In the case of a transfer through MoneyGram, the commission is taken only from the sender. Its exact size can be found using a special calculator on the service website.

RIA

This system is not as popular as the previous ones, but is also quite reliable. There are 149 countries in the world where operations are carried out through this system. Including Russia.

Depending onHow exactly the sender will deposit money, he will have to pay from 3% to 9% commission. The recipient will get the entire amount.

The payment service has its own website, where you can quickly find out where the nearest bank is located that can provide such a transfer.

WebMoney

Until recently, the WebMoney payment system was one of the most profitable and reliable. The most weighty argument was the super low commission - only 0.8%. But since some time the situation has changed. WebMoney no longer supports deposits from American bank cards. This feature is only available for Canada and Europe.

But there is a way out of any situation. After studying the opinions and reviews of users, you can try to get around the restriction. On the territory of such a huge country as the United States, there will certainly be a branch of a European or Canadian bank. If you open an account in one of them, you can try to bypass the ban.

As you can see, there are a lot of ways to transfer money from America to Russia. You just need to carefully weigh all the pros and cons and choose the best option for yourself.